New York lawmakers introduce new iGaming law for 2024

SB 8185 calls for the legalization of “any Internet-based version or substantial equivalent of a table game, slot machine…or other game as determined and approved by the Commission.”

Last updated: January 12, 2024, 3:48 p.m. ET
Reading time: 4 minutes

A New York lawmaker believes he has the answer to the Empire State’s budget deficit and can build on the success of legal sports betting.

Senator Joseph Addabbo filed a new bill that would bring iGaming to New York. This year’s effort builds on his 2023 legislative proposal.

This week Addabbo introduced SB 8185, legislation that would amend the sports betting law to add online casinos. Operators would include current mobile sports betting, commercial and tribal casinos already located in the state, and video lottery terminal companies. Their gross gaming revenue from iGaming would be taxed at 30.5%, the same as last year’s bill, and operators would have to pay a $2 million fee for a 10-year license, with one skin being offered.

Game options

SB 8185 calls for the legalization of “any Internet-based version or substantial equivalent of a table game, a spinning-reel slot machine, a poker tournament, or other game, as set forth… and approved by the Commission.”

New York would develop live dealer studios and facilities to offer a selection of popular casino games.

The bill also establishes an Internet lottery in New York and increases tax revenue by 0.02% for employee training. Like sports betting, the New York Gaming Commission would also regulate online casinos.

Snowball’s chance?

Addabbo failed to introduce a similar bill, S4856, in 2023. He didn’t cause much of a stir in the chamber at all.

However, New York is reportedly facing a budget deficit that could rise to nearly $10 billion by the end of 2024. Addabbo believes iGaming can thrive like sports betting, which brought in over $862 million in tax revenue for the Empire State in 2023.

Regardless, it is likely to be a hotly contested bill in the New York legislature in the coming months. If Addabbo can drum up enough support early, there may be a chance of making it through to the summer.

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